Extra Stuff

Thursday, 20 July 2017

Getting Older

The Work and Pensions Secretary (David Gauke- who?) has announced that the state pension age will rise from 67 to 68 from 2037, which brings the change forward seven years earlier than was initially planned.

The changes will be brought in over two years, reducing the rise by 0.4% of GDP in 2039/40- the equivalent to a saving of around £400 per household. It would save £74 billion by 2045/46 compared with the previous proposals. He guffed:

"I want Britain to be the best country in the world in which to grow old, where everyone enjoys the dignity and security they deserve in retirement."

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